IODM Ltd. (AU:IOD) has released an update.
IODM Ltd., a provider of cloud-based cash flow management solutions, has reported a strong financial performance for FY2024, with a 63% increase in group revenue to $2.6 million and customer receipts up by 87%. Notably, the company has expanded its UK education sector presence, resulting in revenue growth of 195% from strategic partnerships. Despite a net loss of $3.1 million due to expansion costs, IODM is optimistic about future growth, having raised $1.7 million post-year-end to further its global education initiatives.
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